Sandler O’Neill Reiterates $75.00 Price Target for Vornado Realty Trust (VNO)

Sandler O’Neill set a $75.00 price target on Vornado Realty Trust (NYSE:VNO) in a report published on Wednesday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts also recently issued reports on the stock. TheStreet upgraded shares of Vornado Realty Trust from a c+ rating to a b- rating in a research note on Monday, December 18th. JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an overweight rating to a neutral rating and set a $92.00 price objective on the stock. in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a buy rating to a hold rating in a research note on Monday, October 23rd. SunTrust Banks upgraded shares of Vornado Realty Trust from a hold rating to a buy rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Barclays restated a hold rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $88.09.

Vornado Realty Trust (VNO) opened at $67.66 on Wednesday. Vornado Realty Trust has a twelve month low of $65.29 and a twelve month high of $89.38. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $12,554.14, a P/E ratio of 79.60, a price-to-earnings-growth ratio of 4.02 and a beta of 0.86.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.43 earnings per share. equities research analysts forecast that Vornado Realty Trust will post 3.88 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 29th were given a $0.63 dividend. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, January 26th. Vornado Realty Trust’s dividend payout ratio (DPR) is 296.47%.

A number of hedge funds have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Vornado Realty Trust by 51.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,000 shares of the real estate investment trust’s stock worth $782,000 after purchasing an additional 3,400 shares during the period. MetLife Investment Advisors LLC bought a new position in Vornado Realty Trust in the fourth quarter worth $4,171,000. BB&T Securities LLC lifted its position in Vornado Realty Trust by 23.2% in the fourth quarter. BB&T Securities LLC now owns 4,932 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 929 shares during the period. Hoylecohen LLC bought a new position in Vornado Realty Trust in the fourth quarter worth $1,978,000. Finally, Jane Street Group LLC bought a new position in Vornado Realty Trust in the fourth quarter worth $304,000. 85.51% of the stock is owned by hedge funds and other institutional investors.

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Vornado Realty Trust Company Profile

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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